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Savola unit growing says HSBC reportSavola Group’s retail operations, through its subsidiary Panda, are growing not only in terms of sales per sq m but due to increasing margins within the retail segment, according to a global research report recently issued by HSBC. Sales p More… |
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Anger as BBC chooses panda as female faceThe BBC has ignited its second sexism spat in the space of a month by choosing a panda as one of its 12 female faces of the year. Last week, it was criticised for choosing its annual BBC Sports Personality of the Year from an enirely male More… |
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Savola to take over Panda through swap dealSaudi-based conglomerate Savola Group plans to raise to 100 per cent its stake in retail giant Al-Azizia Panda United from about 92 per cent through a share swap and cash deal, Savola said. Savola plans to issue 8.71 million new shares to More… |
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Saudi supermarket employs women cashiersSaudi Arabia's leading supermarket chain has broken the country's strict taboo on women working in public with a pilot programme of women cashiers, a company official said. Panda hypermarkets has put 16 Saudi women to work at one store in More… |
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Saudi Savola merges Panda, Giant outletsSaudi food group Savola said it agreed to combine its Azizia Panda chain of supermarkets with Saudi Arabia's Giant Stores. 'We have signed an MOU to merge Azizia Panda with Giant Stores,' Savola Chief Executive Officer Sami Baroum said in More… |
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Saudi Savola to double Panda chainSaudi Arabia's Savola Group said it plans to more than double its network of Azizia Panda supermarkets to 130 by 2010. The company, which operates the kingdom's largest supermarket chain, will add stores in cities such as Tabuk in the west More… |
